HDPE Pipe Market 2022 - Market Size & Forecast, Industry
Trends, Manufacturers Analysis, & Opportunities 2030
Page: 345 | Report Code: MC22090603 | Research Suite: Report (PDF) & Market Data (Excel)
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Introduction: -
HDPE pipes, also sometimes referred to as thermoplastic pipes, are manufactured
from high-density polyethylene resin (HDPE) and are used to transport chemicals,
oil, gas, water, wastewater, and other substances. These plastic pipes are flexible, highly
durable, cost-effective, water-resistant, corrosion-resistant, abrasion-resistant,
light-weight, leak-free, and fatigue-proof. They have an outstanding ability to
withstand harsh service conditions, can bear extreme repetitive pressure, and can
also be bent 25 times to normal pipes diameter. These HDPE pipes are
increasingly being used in residential, industrial, as well as commercial
sectors worldwide for numerous applications, including flood irrigation, drip
irrigation, portable water supply & distribution, sewage & industrial
effluent disposal, electrical and communication system conduits,
air-conditioning & refrigeration ducting, and others. The global HDPE pipes
market includes players engaged in developing and launching various HDPE pipes
for different applications across several end-user verticals. The market is
predicted to grow at a compounded annual growth rate (CAGR) of 4.9% during the
forecast period of 2022-2030.
Growth Drivers:
In
recent years, the number of infrastructural developments and construction
activities across both the developed and developing countries around the globe
has risen tremendously. Alongside, the investments from both the public and
private sectors in this field have also surged. This has resulted in an
unprecedented growth in the demand for plastic pipes. For instance, in 2019, the
Chinese government invested around $1.9 billion on 13 public housing projects
and approved investing $142.0 billion in 26 infrastructure projects. Currently,
in India, construction projects such as ‘100 smart cities’ and ‘Housing for All
by 2022’ are being implemented. This growth in the number of infrastructural
projects and investments is anticipated to significantly contribute to the
growth of the global HDPE pipe market during the forecast period.
Furthermore,
factors such as the emerging 5G network project across the globe, the aging
water infrastructure, the rapidly expanding irrigation sector, the increasing
focus of market players on developing state-of-the-art HDPE pipes, the raising awareness
regarding the attractive properties of HDPE pipes, the advent of mechanical
coupling in HDPE pipe emphasizing pipe strength and replacement of traditional
material pipes with eco-friendly HDPE pipes are expected to bode considerably
well for the growth of the global HDPE pipe market in the upcoming years.
However,
factors such as the fluctuating raw material cost, the poor weathering
resistance, and the stress cracking of HDPE pipes are predicted to act as major
restraints to the growth of the global HDPE pipe market during the forecast period
2022-2030.
HDPE Pipe
Market Segmentation:
By Grade:
·
PE80
·
PE63
·
PE32
·
PE100
·
PE100RC
·
Others
By Diameter:
·
Small Diameter Pipes (up to 15 Inches)
·
Large Diameter Pipes (15 inches and above)
By Pressure
Rating:
·
High
·
Medium
·
Low
By End User:
·
Potable Water & Wastewater
·
Oil & Gas
·
Mining & Industrial
·
Power & Communications
·
Irrigation
·
Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
HDPE Pipe
Market: Grade Review: -
Based on grade,
the global HDPE pipe market is segmented into PE80, PE63, PE32, PE100RC, PE100,
and others. The PE100 segment acquired the largest share of the global HDPE
pipe market in 2021. The segment is expected to maintain its position over the
forecast period of 2022-2030 due to the increasing application of PE 100 polyethylene
raw materials in various applications due to its cost-effectiveness and
advantages, including larger bore, crack-resistance, and enhanced flow
capacity. However, the PE63 segment is anticipated to attain the highest CAGR
in the market during the forecast period.
HDPE Pipe
Market: Diameter Review: -
Based on
diameter, the global HDPE pipe market is segmented into small diameter pipes (up
to 15 inches) and large diameter pipes (15 inches and above). The small
diameter pipes segment captured the largest share of the global HDPE pipe market
in 2021. The trend is expected to continue over the forecast period due to the low cost of small diameter pipes and their ability to
replace the oversized pipes for enhanced carrying capacity effectively.
HDPE Pipe
Market: End User Review: -
Based on end
user, the market is segmented into portable water & wastewater, oil and
gas, mining & industrial, power & communications, irrigation, and
others. The portable water & wastewater segment is predicted to register
the highest CAGR in the market during the forecast period. The
rising demand for water due to the rapidly growing population and the
increasing number of government and non-government initiatives to raise the
investment in water-related infrastructure and services are primarily driving
the growth of this segment.
Regional
Outlook:
The HDPE pipe
research report offers detailed analysis and forecasts for five major regions:
North America, Europe, Asia Pacific, and Latin America, and the Middle East
& Africa.
The Asia Pacific
region grabbed the second-largest share of the global HDPE pipe market in 2021,
after North America. The region is positioned to experience robust growth in
the market during the forecast period. The growth of the market in the region
can be well attributed to the rapidly expanding end-user industries, the
increasing investments in several industrial and health care projects, the high
demand from the irrigation and water & wastewater sectors in the region.
Moreover, the presence of various emerging nations, including India, China, and
Japan, and the increasing agricultural activities and investments in these
countries also contribute to the swift expansion of the market in the region,
among other factors.
The report also
identifies the country market outlook for HDPE Pipe, covering country-wise
market size, growth rate, market share, segmentation, leading players, current
trends, and opportunities.
Key Companies in
HDPE Pipe Market:
The research
report offers a competitive analysis of prominent companies operating in the
global HDPE pipe market. Some of the leading players profiled in the market
research report include:
·
Canada Culvert Inc.
·
IPEX Inc.
·
Supreme Pipes
·
JM Eagle Inc.
·
United Poly Systems
·
Radius system
·
WL Plastics
·
Dura-Line Corp.
·
Lane Enterprises Inc.
·
Prinsco Inc.
·
Nan Ya Plastics Corp
·
Polyplastic Group
·
Apollo Pipes
·
Wavin
· Other Players